PayPay Corporation (NASDAQ:PAYP) Receives Average Rating of “Moderate Buy” from Brokerages

PayPay Corporation (NASDAQ:PAYP) has been given an average rating of “Moderate Buy” by the eleven analysts that are covering the company, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation, seven have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among brokers that have covered the stock in the last year is $25.7273.

A number of research firms have weighed in on PAYP. Citigroup started coverage on PayPay in a research note on Monday, April 6th. They set a “neutral” rating and a $23.00 price objective for the company. Cantor Fitzgerald assumed coverage on PayPay in a research note on Monday, April 6th. They issued an “overweight” rating and a $25.00 target price on the stock. JPMorgan Chase & Co. assumed coverage on PayPay in a report on Wednesday, April 8th. They set an “overweight” rating and a $25.00 target price on the stock. Benchmark started coverage on PayPay in a report on Monday, April 6th. They issued a “buy” rating and a $31.00 price target for the company. Finally, Morgan Stanley initiated coverage on PayPay in a research report on Monday, April 6th. They issued an “equal weight” rating and a $24.00 price objective on the stock.

PayPay Stock Performance

NASDAQ:PAYP opened at $19.11 on Tuesday. The business has a fifty day simple moving average of $20.55. PayPay has a 1-year low of $17.00 and a 1-year high of $24.89.

PayPay (NASDAQ:PAYP) last posted its earnings results on Wednesday, May 6th. The fintech company reported $0.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.03. The business had revenue of $644.33 million for the quarter.

About PayPay

As Japan’s leading financial technology company, we are dedicated to our goal of becoming a digital finance platform for all. We strive to empower the everyday lives of users and businesses by transforming their smartphones into a comprehensive, easy-to-use, and accessible financial platform that centralizes and simplifies numerous daily activities for ultimate convenience. Through a seamless ecosystem of payment, financial and everyday services, we have served as a game-changer in driving the shift to a cashless and digitally empowered economy.